NASDAQ:OKTA #OKTA is currently testing a significant level where a couple of broken wedges are being tested.
For this one, I may reinforce the analysis later on with some more insights early next week.
#AHMEDMESBAH
OKTA was bullish and formed descending wedge on correction. If this plays per book we might see a pop. First level to look out would be 104 if it breaks 102 tomorrow and if it breaks 98 this might be invalid
Watching this gap fill as it slowly pulls back to 50DMA.
Build long slowly based on broader market condition, don’t jump all at once.
Long between 92-95-98
Stop loss - 90
Target#1 - 110
Target#2 - 125
NASDAQ:OKTA jumped over 22% at the open from earnings reported on February 29th. It had a wide range of trading that day and closed just under the open about midway through the candle. It has been digesting that big move on lower volume for sixteen “trading” days (3 weeks). I went long this yesterday on the break of the downtrend line (blue). It pulled back by...
Okta Inc. ( NASDAQ:OKTA ) catapulted 28% in after-hours trading following its impressive quarterly performance, surpassing analyst estimates and raising its full-year sales forecast. The cloud identity software company's robust growth, fueled by a surge in larger enterprise customers, underscores its pivotal role in modernizing identity infrastructure and...
Okta, Inc. (NASDAQ:OKTA) , a leading provider of cloud identity and access management services, attracts investors' attention with its potential for sustainable growth and a noticeable decrease in short interest volume. The reduction in short interest is a positive signal, indicating a decrease in pessimism among investors regarding the company's future prospects,...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 85/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
OKTA has been in a tight range for a long time.
Got rejected many times at 92 level.
If this breaks and holds above 92 level, go long.
Long above 92
Stop loss - 80
Target #1 120 (30%)
Target #2 184 (96%)
and after some pullback
Target #3 220 (135%)
Above 130, this doesn't have much resistance until 220.
Okta, Inc. is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website web services and devices.
Strong price action within a consolidation range.
OKTA. is a leading identity and access management company that provides cloud software to help businesses manage and secure user authentication into modern applications, and for developers to build identity controls into applications, website web services, and devices. Founded in 2009, the company has been instrumental in pioneering identity solutions fit for a...
NASDAQ:OKTA Daily:
Currently rangebound with no clear direction. I'm anticipating two scenarios with respect to the 200 DMA:
1. Base on the 200 DMA, consolidate, then trend up around ER at February end.
2. Drop below 200 DMA, but rebound from range bottom. This coincides with potential market weakness in February.
In both cases, I expect OKTA to test range...
If you haven`t sold OKTA when Losses Exceeding Expectations:
Then analyzing the options chain and the chart patterns of OKTA prior to the earnings report this week,
I would consider purchasing the 72usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $4.55.
If these options prove to be profitable prior to the earnings...
I'm absolutely NO fundamental analyst.
I literally have no good clue how to read the fundamentals like the Pro's are doing. And I don't plan to learn it in the near future.
BUT...
...I trust my common sense.
The Blue Box explains my common sense thinking and why I see OCTA as a potential buy for the long term.
What I know for sure are my TA skills.
And what I...
Earnings 8-30 AMC.
Neutral pattern until broken.
Dark Cloud cover candle pattern right this second but the red candle is close to engulfing the prior green candle.
Short interest around 4%.
No recommendation.
52 Week Range
44.12
99.68
Day Range
71.71
74.17
EPS (FWD)
0.91
PE (FWD)
80.46
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
4.08%
Market...
Looking at Okta, earnings reported in June sold-off, leaving a massive gap. Has been accumulating in this range for some time. If the market doesn't sell off, it looks interesting.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
